North America

Chicago-headquartered RCP is in market with its fourth secondaries fund targeting North American lower-mid-market buyout funds.

Metalmark Capital's single-asset SPV on Innovetive Petcare could be worth $450m, Secondaries Investor understands.

Despite the shift to newer vintages, early distributions and higher IRRs remain important to secondaries investors, said managing director Cari Lodge.

The team led by former Strategic Partners executive Wandy Hoh is targeting LP-led and GP-led deals in the infrastructure space.

The Darien, Connecticut-based alternatives manager has raised more than $1 billion over its initial target.

The Duravant process is among a slew of single-asset processes to hit the market since last year, which is helping to drive total deal volume to record levels.

The top-level hire is one of a team of four investment management lawyers to join from Minneapolis-headquartered Faegre Drinker.

The firm entered the private equity secondaries market in April and led its first deal in May, involving an Alpine Investors portfolio company.

The investment bank has added a New York-based senior vice-president and an analyst from Campbell Lutyens and Citi, respectively.

Portfolio Financing Fund II does preferred equity- and NAV-based lending deals for funds in the private equity, real estate and infrastructure markets.